CURRENT AFFAIRS

Detailed explanation-1: -The concept of financial inclusion was first introduced in India in 2005 by the Reserve Bank of India. The objectives of financial inclusion are to provide the following: A basic no-frills banking account for making and receiving payments.

Detailed explanation-2: -While poverty persists, there is no true freedom. The Government of India and the Reserve Bank of India have been making concerted efforts to promote financial inclusion as one of the important national objectives of the country.

Detailed explanation-3: -John Collison. President and Co-Founder of the world’s most successful ecommerce payments platform, John Collison is a leading figure in the financial industry.

Detailed explanation-4: -Some of the leading companies in the Indian fintech industry include Paytm, Lendingkart, MoneyTap, Instamojo, Razorpay, Shiksha Finance, Pine Labs, ZestMoney, PolicyBazaar, and InCred.